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Liberty Media Corp. [FWONK] Shares Fall -0.49 % on Wednesday

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Liberty Media Corp. shares valued at $76,052 were purchased by Andrea Wong on Sep 25 ’24. At $47.41 per share, Andrea Wong acquired 1,604 shares.

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Also, Wilm Renee L sold 19,202 shares, netting a total of over 1,512,734 in proceeds. Following the sale of shares at $78.78 each, the insider now holds 0 shares.

Before that, Wendling Brian J had sold 10,011 shares from its account. In a trade valued at $738,766, the CAO/PFO traded Liberty Media Corp. shares for $73.80 each. Upon closing the transaction, the insider’s holdings decreased to 10,011 shares, worth approximately $0.0.

As published in a research note from Morgan Stanley on December 18, 2023, Liberty Media Corp. [FWONK] has been rated down from an Overweight to an Equal-weight and the price target has been revised to $70 from $80. Analysts at Wolfe Research upgraded the stock from ‘”a Peer perform”‘ to ‘”an Outperform”‘ outlook in a report released in early September. As of February 24, 2023, Wolfe Research has initiated its “Peer perform” rating for FWONK. Earlier on April 26, 2022, Rosenblatt initiated its rating. Their recommendation was “a Buy” for FWONK stock.

Analyzing FWONK Stock Performance

During the last five days, there has been a drop of approximately -0.41%. Over the course of the year, Liberty Media Corp. shares have jumped approximately 22.08%. Shares of the company reached a 52-week high of $82.23 on 07/30/24 and a 52-week low of $61.44 on 01/11/24. A 50-day SMA is recorded $77.52, while a 200-day SMA reached $70.97. Nevertheless, trading volume fell to 0.79 million shares from 0.69 million shares the previous day.

Support And Resistance Levels for Liberty Media Corp. (FWONK)

According to the 24-hour chart, there is a support level at 76.62, which, if violated, would cause prices to drop to 76.17. In the upper region, resistance lies at 77.46. The next price resistance is at 77.85. RSI (Relative Strength Index) is 50.02 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.46, which suggests the price will decrease in the coming days. Percent R is at 53.83%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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